2015 (1) TMI 1285

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..... antee in favour of the respondent for an amount of ₹ 12 crores. This amount is being taken because, according to the petitioner, the assessed customs duty was ₹ 9.18 crores approximately at the time of importation which was exempted because of the SFIS Scheme. There may be other incidental charges and, therefore, to cover the same, the figure of ₹ 12 crores has been arrived at. T .....

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..... inasmuch as three years have elapsed from the date of import/ procurement in terms of the foreign trade policy of 2009-2014, although there is no sequel notification by the Ministry of Finance, Government of India. This is being permitted on the specific condition that the petitioner shall furnish a bank guarantee in favour of the respondent No. 5 for an amount of ₹ 12 crores. We have taken .....

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